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Rsibullishdivergence

CRYPTOCURRENCY BITCOIN (BTCUSDT) SMALL PULLBACK BITCOIN ( BTCUSDT ) 30 minutes timeframe -> Inverted Head and Shoulder. A strong buying level when market is consolidating/downtrend. This indicates after long bearish trends, the price falls to a trough and subsequently rises to form a peak. It has taken support also from 20 EMA and a good green candle ready to make a breakout. RSI also supports it. It can do a retest on 20 EMA and then go towards the target. Only take entry when 15 min candle closes above 43219. First target - 44038. Book profits there or trail your stop loss for 2nd target 44500. Stop loss should be 42672.
Long
by raghav_tradeit
Strong Move Incoming in Mersana TherapeuticsMersana is currently right at the resistance within a big falling wedge - a bullish pattern upon eventual breakout. What separates this case from the normal breakout is that Mersana recently made a perfect RSI closing on the lower bullish red line. As discussed in detail in the RSI trilogy, once the RSI comes from low levels (as in below the lower bearish blue line, typically below 30) and makes a dynamic move up, just to bounce back on the lower bullish red like "a hook" (as on the picture), it's an incredibly strong sign of more to follow. What these RSI strategies do is to identify pivotal price tops and bottom that in turn match RSI pivots. The exact RSI values (as in the lower bullish red and upper bearish blue) are extracted through accumulation and distribution phases. For the point with these levels is that they represent a form of mathematical "max pain", after which the price has a remarkably high likelihood of reversing. And right now, such reversal is very likely in play. I have personally taken a position already. The trade signal is automatically disqualified and stopped out if the price and RSI were to drop below the lower bullish red line with a margin of at least >1%. In this case, we're talking a daily closing price of $10,75 or below. The fantastic thing about these RSI strategies is that, once you act upon them immediately, they offer ridiculously high RR, often 50:1-100:1. A properly executed lower bullish red acts much like a trampoline to catapult the underlying fast towards high prices. The same applies in reverse for the upper bearish blue, which in turn flashes every red light to get out of the way.
NASDAQ:MRSN
by LongLifeTrading
1
$SIRI Possible Exaggerated BULLISH Divergence - 20SMA SupportNASDAQ:SIRI Possible Exaggerated BULLISH RSI Divergence spotted as the price test the 20 SMA Support. Two double tap lows on the price while the RSI made a higher low. Also $SIRI Earning Q1 are released this Tuesday 4/28/2020 and they already announce they will be keeping the quarter dividend payment the same as before. Indicating there is a good chance they will not be reporting losses like a lot of companies are doing this quarter. So price should continue on bull trend. What does everyone else think? **Not financial advice as this is only my second post**
NASDAQ:SIRILong
by jdm69
EURCAD Bullish Confluence on RSI Bullish Divergence and SupportThere are multiple interesting things going on here on EURCAD from a techncial analysis perspective. The price has hit this horizontal support zone three times earlier already, and all times resulted in a bullish continuation. Furthermore, a Bullish RSI Divergence has formed, indicating a bullish continuation of the price. Now that we achieved confluence through an RSI Bullish Divergence, and a fourth hit of this support zone, I will suggest a LONG position. The price has immediately confirmed both the support zone and the RSI Divergence by printing a nice green candle on the 1h. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only! Recent success stories
Long
by Trading-Guru
4
Where Are The EOS Bulls At? - Breakout Is ImminentTwo charts that explain why I'm super bullish on EOS/BTC 1) - The EOS price has broken out above 40k satoshis on January 14, and the rally lasted until February 14. Since then, the price has returned and avlidated the breakout level. This is a very common movement that leads to another upward move the majority of the cases. - In addition, there is even more support given by the 200-day MA. The price has reached it twice and created long lower wicks each time - another bullish sign. 2) - The 6-hour chart is also bullish and shows a descending wedge that has been created (bullish reversal pattern). - In addition, the RSI has generated significant bullish divergence throughout this pattern. - All of this is happening inside a crucial support area, so a breakout feels at hand. - The first & second targets are at 46,000 & 53,000 satoshis.
Long
by BitcoinMaximus1
WORK - Is Lunch Over?Since its IPO, WORK has not done very much for its investors. As the chart shows, it has basically been a descending channel that has been unbroken up to this point in time. The recent price movement, however, has created a bullish divergence with the RSI indicator while the price is moving out of an oversold condition. This combination may allow the price to move up and out of the bearish channel. I would not expect any giant bullish move, but if you were interested in a short-term trade, the opportunity may be there soon.
WLong
by Chartimistic
ZS - Scaling InZS had a gap up due to earnings back on March 1st. The stock saw a rise in price within a bullish price channel but was creating a bearish divergence with the RSI indicator. Even with the pullback, the price remained in the bullish channel until it broke down in mid-August. Another earnings report in September led to a gap down that created an Island Reversal pattern & carried the stock price below the March gap, which was now acting as resistance. The stock price continued falling as it tested that March gap resistance a few times but as the price fell the RSI has moved higher creating a Bullish Divergence. With the price moving out of an oversold condition I am looking for the price to move up to re-test the September gap resistance. Depending on bullish momentum the stock may be able to continue rising to fill the September gap.
NASDAQ:ZSLong
by Chartimistic
BAT will fly like a Bird !! LONG BATUSDHi Beautiful peopleeee on the weekend!! Looking at the Daily BATUSD chart, you can see BAT did break big red trend line to go upward. It came with strong bullish divergence on MACD and RSI as well as the price currently stay on top of 21 daily EMA which is bullish sign. From these reasons, I see a opportunity here to go long with a tight stop loss around $0.2-$0.198 as well as my sensible first target is $0.28 and the second target is $0.36. If you like this idea, pls click thumb up to support me more and more!! Have a nice weekend : ) ***** THIS INFORMATION IS MY IDEA AND IS NOT RECOMMENDATION TO BUY OR SELL. IT IS TO BE USED FOR EDUCATIONAL PURPOSES ONLY. ******
BINANCE:BATUSDLong
by SusuTrader
2